Why did the Red Fifth Ring Road close down?

Not closed down. According to the national enterprise credit information publicity system, Hongwuhuan Group Co., Ltd. was established on May 12, 2009. The company is located in century avenue, Quzhou Economic Development Zone, Zhejiang Province. As of August 2, 2023, the company operated normally and did not go bankrupt. The company's business scope is: foreign investment (except for special provisions of the state), air compressors, mining equipment, pressure vessels and electronic products.